All the above aforementioned factors are responsible for the segment share. Cats require less training as compared to dogs, handle relatively long periods of alone time, cost relatively less than dogs in veterinary and day-to-day care, self-reliant and affectionate. Increase in the adoption rate of pets is expected to boost the demand for pet food, grooming products, toys and other accessories.Ĭats held a significant market share in the type segment in 2016 and is expected to grow at a CAGR of around 4.7% from 2016 to 2025. Furthermore, dogs help in reducing depression, encourage exercise, enhance cardiovascular health and stress. According to the American Society for the Prevention of Cruelty to Animals, approximately 3.3 million dogs enter animal shelters every year. Rise in the adoption of pets worldwide is one of the factor influencing market growth. Also, they protect their owner, are loyal and intelligent and help improve ones physical and mental health. Dogs are most popular and preferred pet worldwide as they become familiar with emotions and behavior of human very easily. Dogs held the largest share of 39.79% in 2016. On the basis of type, the market has been segmented into dog, cat, fish and bird. To serve this need, PetSmart launched a variety of Pet Expressions creative grooming services to provide dogs, cats, fish and birds with above-and-beyond looks like chalking, stenciling, and feathering. The owners seek more expensive medical treatments, higher quality food and more-high end accessories. Many facilities also offer upgraded care such as training or grooming. Owners want their dogs and cats to have fun and engage with other animals during the day, whether it is while they work or just to give pets more time with their own kind. Groomers that partner with retail stores can also suggest bird baths, sprays, and trimmers for new bird owners and offer a Frequent Flyer program for grooming services.
Bird groomers keep feathers dry and clean, trim beaks and nails, and help with uncomfortable molting. Pet care service providers that offer avian services are safeguarding birds from sickness, injury, and stress and boosting their businesses. Americans spent more than USD 66 billion on pet products and services in 2016, an increase of about 10% from the previous year, according to the American Pet Products Association. Small pets are much more likely to be indulged and humanized than large dogs. Millennials are choosing dogs and cats over children until they're more settled. An increasing number of Americans consider them to be part of the family. High demand for pet products, grooming & boarding services and global rise in the adoption of pets are some of the major factors estimated to drive the market.ĭriving growth at the premium end of the market, consumers are spending more on their pets. The global pet care market size was estimated at USD 131.70 billion in 2016 and is expected to grow at a CAGR of 4.9% over the forecast period.